Lightspeed Commerce Inc reports results for the quarter ended June 30 - Earnings Summary

• Lightspeed Commerce Inc LSPD.TO reported quarterly adjusted earnings of 6 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 10 cents. The mean expectation of eleven analysts for the quarter was for earnings of 13 cents per share. Wall Street expected results to range from 10 cents to 16 cents per share.

• Revenue rose 14.6% to $304.94 million from a year ago; analysts expected $287.00 million.

• Lightspeed Commerce Inc's reported EPS for the quarter was a loss of 35 cents​.

• The company reported a quarterly loss of $49.57 million.

• Lightspeed Commerce Inc shares had risen by 13.9% this quarter and lost 17.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.1% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," 5 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the software peer group is also "buy"

This summary was machine generated from LSEG data July 31 at 02:57 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)